What were the vesting terms for Lynanne Kunkel's MTN restricted share units?

The 3,068 RSUs granted September 29, 2023, vest in three equal installments commencing on the first anniversary of the grant date. The 5,068 RSUs granted September 30, 2025, vest in three equal annual installments commencing on the first anniversary.

Vail Resorts' Lynanne Kunkel receives vested shares

Tax withholding covered 295 shares at $141.29 per share on September 29, 2026, and 486 shares at $137.18 per share on September 30, 2026.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Vail Resorts Inc. Chief HR & Trnsfrm Ofc Lynanne Kunkel reported conversion of 1,023 restricted share units into common shares on September 29, 2026, and 1,689 on September 30, 2026. Upon vesting, 295 shares were withheld on September 29 at $141.29 per share and 486 shares on September 30 at $137.18 per share to cover withholding and other taxes.

Insider Trade Summary

2,712 shares exercised/converted

Exercise 6 txns

Insider Kunkel Lynanne

Role Chief HR & Trnsfrm Ofc

Type	Security	Shares	Price	Value
Exercise	Restricted Share Unit ^F3	1,689	$0.00	$0.00
Exercise	Common Stock	1,689	$0.00	$0.00
Tax Withholding	Common Stock ^F1	486	$137.18	$67K
Exercise	Restricted Share Unit ^F2	1,023	$0.00	$0.00
Exercise	Common Stock	1,023	$0.00	$0.00
Tax Withholding	Common Stock ^F1	295	$141.29	$42K

Holdings After Transaction: Restricted Share Unit — 3,379 contracts (Direct); Common Stock — 12,146 shares (Direct)

Footnotes (3)

F1. These shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of Restricted Share Units ("RSUs") in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.
F2. On September 29, 2023, Reporting Person was granted 3,068 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.
F3. On September 30, 2025, Reporting Person was granted 5,068 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Key Figures

Common shares acquired upon RSU conversion: 1,023 shares Common shares acquired upon RSU conversion: 1,689 shares Shares withheld for taxes: 295 shares +3 more

6 metrics

Common shares acquired upon RSU conversion 1,023 shares September 29, 2026

Common shares acquired upon RSU conversion 1,689 shares September 30, 2026

Shares withheld for taxes 295 shares September 29, 2026

Price per share for tax withholding $141.29 per share September 29, 2026

Shares withheld for taxes 486 shares September 30, 2026

Price per share for tax withholding $137.18 per share September 30, 2026

Key Terms

RSUs, vest, withholding and other taxes

3 terms

RSUs financial

"granted 3,068 RSUs, which vest in three equal installments"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

vest financial

"which vest in three equal installments commencing on the first anniversary"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

withholding and other taxes financial

"payment of withholding and other taxes due in connection therewith"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MTN shares did Lynanne Kunkel receive from RSUs?

Lynanne Kunkel received 1,023 common shares on September 29, 2026, and 1,689 common shares on September 30, 2026, upon conversion of restricted share units.

How many MTN shares were withheld for taxes, and at what prices?

295 shares were withheld at $141.29 per share on September 29, 2026, and 486 shares at $137.18 per share on September 30, 2026. The shares were withheld to satisfy obligations for withholding and other taxes due in connection with RSU vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/01/2026 - 07:45 PM Accepted by SEC EDGAR 10/01/2026 - 07:44 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kunkel Lynanne

(Last)

(First)

(Middle)

C/O VAIL RESORTS, INC.

390 INTERLOCKEN CRESCENT

(Street)

BROOMFIELD

COLORADO

80021

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VAIL RESORTS INC [ MTN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief HR & Trnsfrm Ofc

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/29/2026		M		1,023	A	$0	11,238	D
Common Stock	09/29/2026		F		295⁽¹⁾	D	$141.29	10,943	D
Common Stock	09/30/2026		M		1,689	A	$0	12,632	D
Common Stock	09/30/2026		F		486⁽¹⁾	D	$137.18	12,146	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Unit	$0	09/29/2026		M			1,023	⁽²⁾	⁽²⁾	Common Stock	1,023	$0	0	D
Restricted Share Unit	$0	09/30/2026		M			1,689	⁽³⁾	⁽³⁾	Common Stock	1,689	$0	3,379	D

Explanation of Responses:

1. These shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of Restricted Share Units ("RSUs") in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.

2. On September 29, 2023, Reporting Person was granted 3,068 RSUs, which vest in three equal installments commencing on the first anniversary of the grant date.

3. On September 30, 2025, Reporting Person was granted 5,068 RSUs, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Remarks:

	/s/ Nicholas Caviolo, Attorney-in-Fact for Lynanne Kunkel	10/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR